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RESULTS OF OJSC "UST-LUGA OIL" (FORMER OJSC "ROSNEFT...

RESULTS OF OJSC "UST-LUGA OIL" (FORMER OJSC "ROSNEFTBUNKER") PRODUCTION AND FINANCIAL ACTIVITY OF 2013

09.04.2014
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OJSC "Ust-Luga Oil", former OJSC "Rosneftbunker" informs about completion of procedures relating to the Company's name change.

Decision about the change of the Company's name and place of residence was made by the shareholder on the 28/02/2014, all required amendments were made in constituent documents thereafter. Upon completion of all procedures, OJSC "Rosneftbunker" is given the name Open Joint-Stock Company "Ust-Luga Oil" (OJSC "Ust-Luga Oil"). New Company’s place of residence: 188477, Russian Federation, Leningradskaya oblast, Kingiseppsky rayon, Vistinskoye rural settlement, Commercial Seaport of Ust-Luga, the Bulk Cargo Terminal. The New name of the Company is combining its area of activity and geographical location of Company's main asset.

Caro turnover of the oil product transshipment terminal of OJSC "Ust-Luga Oil": in 2013 amounted to 16.8 mln tons: 13.3 mln tons – black oil products; 1.6 mln tons – light oil products; 1.9 mln tons – stable gas condensate (SGC). Over 275 thousand RTCs have been unloaded at the rail racks of the Terminal during the year, 259 tankers have been loaded at the berths. Planned production and financial figures have been achieved in full, EBITDA (as per RAS) amounted to RUB 5 738 mln.

See also

1000th TANKER LOADED AT UST-LUGA TERMINAL

On 27 April, 2015 loading of the 1000th tanker was completed at ”Ust-Luga Oil” Terminal.

"UST LUGA OIL" RAMPING UP PRODUCTION

Oil products transfer by "UST-LUGA OIL" terminal in the year 2014 reached 23.6 million tons. More than 60% – 14.7 million tons – dark oil products; 8.9 million tons – light oil products of which 4.7 million tons – SGC (stable gas condensate).

OJSC "ROSNEFTBUNKER" IS COMMISSIONNING THE BERTH NO.3

The first tanker loading has been completed at the berth No. 3 of OJSC "Rosneftbunker" terminal. Tanker Elka Apollon with the deadweight of 100 thousand tons moored to the berth No.3 on the 27/08/2013.

CARGO TURNOVER OF OJSC "ROSNEFTBUNKER" AMOUNTED TO 16.8 MLN TONS IN 2013

Cargo turnover of OJSC “Rosneftbunker” oil transshipment terminal located in the Commercial Seaport of Ust-Luga amounted to 16.8 mln tons in 2013: 13.3 mln tons – black oil products; 1,6 mln light oil products; 1.9 mln tons – stable gas condensate (SGC).

FIRE TRAINING CONDUCTED BY OJSC "UST-LUGA OIL"

Fire training was conducted on the territory of the oil product transshipment terminal of OJSC "Ust-Luga Oil" on the 16th of May 2014.

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